First united corp/md/ (FUNC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest on investment securities
Interest and fees on loans

50,201

45,073

39,635

38,948

37,165

37,486

42,258

46,690

52,289

61,062

Interest on investment securities: Taxable

5,648

5,820

5,554

5,611

6,248

6,981

5,557

4,307

4,081

5,524

Interest on investment securities: Exempt from federal income tax

1,031

949

925

869

1,264

1,542

1,756

1,805

2,749

3,588

Total investment income

6,679

6,769

6,479

6,480

7,512

8,523

7,313

6,112

6,830

9,112

Other

1,040

452

835

435

355

377

343

309

377

573

Total interest income

57,920

52,294

46,949

45,863

45,032

46,386

49,914

53,111

59,496

70,747

Interest expense
Interest on deposits

7,791

4,246

3,291

3,150

3,905

4,603

5,076

6,559

11,899

18,083

Interest on short-term borrowings

188

525

73

60

58

63

62

133

236

283

Interest on long-term borrowings

3,550

3,341

4,007

5,013

5,444

6,204

6,594

7,273

9,071

10,798

Total interest expense

11,529

8,112

7,371

8,223

9,407

10,870

11,732

13,965

21,206

29,164

Net interest income

46,391

44,182

39,578

37,640

35,625

35,516

38,182

39,146

38,290

41,583

Provision for loan losses

1,320

2,111

2,534

3,122

1,054

2,513

380

9,390

9,157

15,726

Net interest income after provision for loan losses

45,071

42,071

37,044

34,518

34,571

33,003

37,802

29,756

29,133

25,857

Other operating income
Changes in fair value on impaired securities

-

-

-

-

-

-

-4,173

-850

-406

10,814

Portion of gain recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

4,173

850

425

-2,450

Net securities impairment losses recognized in operations

-

-

-

-

-

-

0

0

19

-

Net securities impairment losses recognized in operations

-

-

-

-

-

-

-

-

-

8,364

Net gains

-

-

29

526

1,016

1,053

229

1,708

2,321

-6,014

Net gains

147

127

29

526

1,016

1,053

229

1,708

2,302

-14,378

Total other income

16,636

15,041

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

2,308

3,281

2,995

2,933

3,469

3,639

3,671

4,406

Other service charges

-

-

837

-

-

-

-

-

2,125

1,580

Trust department

-

-

6,246

5,837

5,641

5,343

5,020

4,608

4,413

4,096

Insurance commissions

-

-

-

-

-

-

-

-

2,424

2,712

Debit card income

-

-

2,389

2,112

2,300

2,034

1,954

2,010

-

-

Bank owned life insurance

-

-

1,187

1,426

1,146

1,392

1,035

1,778

1,030

1,019

Brokerage commissions

-

-

872

849

887

800

806

778

767

694

Other income - recovery

-

-

-

-

11,572

0

-

-

-

-

Other

-

-

472

622

451

405

853

817

536

849

Total other income

-

-

14,311

14,127

24,992

12,907

13,137

13,630

14,966

15,356

Total other operating income

16,783

15,168

14,340

14,653

26,008

13,960

13,366

15,338

17,268

978

Other operating expenses
Salaries and employee benefits

24,641

24,170

22,239

20,595

20,912

19,518

19,946

19,481

20,225

21,307

FDIC premiums

405

639

634

940

1,870

1,842

1,875

1,985

2,362

4,017

Equipment

3,807

3,160

2,610

2,437

2,544

2,508

2,595

2,624

3,015

3,197

Occupancy

2,884

2,551

2,496

2,499

2,479

2,468

2,628

2,719

2,804

2,977

Data processing

4,004

3,858

3,511

3,065

3,429

3,198

3,069

2,886

2,744

2,637

Marketing

418

530

536

-

-

-

-

-

-

-

Professional services

1,480

1,255

985

1,127

1,674

1,287

1,495

1,292

1,575

1,388

Other real estate owned expenses

1,542

1,456

190

802

1,899

2,318

2,909

890

2,410

-

Contract labor

654

723

683

718

607

669

615

580

849

-

Telephony Expense

856

841

820

-

-

-

-

-

-

-

Line rentals

-

-

-

615

633

656

652

-

-

-

Other real estate expenses

-

-

-

-

-

-

-

-

-

589

Miscellaneous loan fees

-

-

-

-

-

-

-

-

-

528

Other

4,698

4,625

4,466

6,309

5,068

5,631

6,687

7,061

7,426

8,409

Total other operating expenses

45,389

43,808

39,170

39,107

41,115

40,095

42,471

39,518

43,410

45,049

Income before income tax expense

16,465

13,431

12,214

10,064

19,464

6,868

8,697

5,576

-

-

Income before income tax expense

-

-

-

-

-

-

-

-

2,991

-18,214

Provision for income tax expense

3,336

2,764

6,945

2,783

6,473

1,271

2,222

913

-635

-8,017

Net Income

13,129

10,667

5,269

7,281

12,991

5,597

6,475

4,663

3,626

-10,197

Accumulated preferred stock dividends

-

-

1,215

2,025

2,700

2,601

1,778

1,691

1,609

1,559

Net Income Available to Common Shareholders

-

-

4,054

5,256

10,291

2,996

4,697

2,972

2,017

-

Net Income Available to/Net (Loss) Attributable to Common Shareholders

-

-

-

-

-

-

-

-

-

-11,756

Basic and diluted net income per common share

1.85

1.51

0.58

0.84

1.65

0.48

0.76

0.48

-

-

Basic net income per share

-

-

-

-

-

-

-

-

0.33

-1.91

Diluted net income per share

-

-

-

-

-

-

-

-

-

-1.91

Weighted average number of basic shares outstanding

-

-

-

-

-

-

-

-

-

6,155

Weighted average number of diluted shares outstanding

-

-

-

-

-

-

-

-

-

6,155

Weighted average number of basic and diluted shares outstanding

7,101

7,079

6

6

6,248

6,222

6,206

6,193

6,177

-

Dividends declared per common share

-

-

-

-

-

-

-

-

-

0.03

Service Charges on Deposit Accounts [Member]
Total other income

2,192

2,275

-

-

-

-

-

-

-

-

Other Service Charges [Member]
Total other income

966

877

-

-

-

-

-

-

-

-

Trust Department [Member]
Total other income

7,148

6,692

-

-

-

-

-

-

-

-

Debit Card Income [Member]
Total other income

2,706

2,534

-

-

-

-

-

-

-

-

Bank Owned Life Insurance [Member]
Total other income

2,257

1,162

-

-

-

-

-

-

-

-

Brokerage Commissions [Member]
Total other income

919

1,078

-

-

-

-

-

-

-

-

Other [Member]
Total other income

448

423

-

-

-

-

-

-

-

-